GERMANY, Sachsen (Duchy & Electorate). Friedrich III der Weise (the Wise). 1486-1525. AR Guldengroschen (49mm, 28.70 g, 12h). Hall mint. Struck 1512. Armored bust right, wearing embroidered cap; four coats-of-arms in legends / Nimbate eagle facing with wings spread, head left. Keilitz 70.2; Schnee 37; Merseburger 417; Davenport 9699. Richly toned, slight double strike in legends and minor marks in obverse fields. Near EF. A magnificent, high-relief portrait coin of the German Renaissance. From the J. Eric Engstrom Collection. Ex Künker 346 (28 January 2021), lot 294; Künker 316 (31 January 2019), lot 379.
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